Texas § AG.58.053 - APPLICATION FOR LOAN GUARANTEE
Full text of Texas The Texas Constitution § AG.58.053 — APPLICATION FOR LOAN GUARANTEE, with citation guidance and answers to common questions.
§ AG.58.053. APPLICATION FOR LOAN GUARANTEE
APPLICATION FOR LOAN GUARANTEE. (a) An eligible applicant's documentation shall include the following for the board's review: (1) the plan, as submitted to the lender, for the applicant's proposed farm or ranch operation or agriculture-related business to be financed that includes a budget for the proposed operation; (2) a completed application for a loan from a commercial lender on which an eligible applicant has indicated how the loan proceeds will be used to implement the applicant's plan; and (3) the signed statement of a loan officer of the commercial lender that a loan guarantee is requested for approval of the loan application. (b) The board may charge a reasonable application fee for processing an application filed under this section. Added by Acts 1999, 76th Leg., ch. 1459, Sec. 14, eff. June 19, 1999. Amended by: Acts 2013, 83rd Leg., R.S., Ch. 1197 (S.B. 1214 ), Sec. 6, eff. June 14, 2013.
Frequently Asked Questions About Texas § AG.58.053
What does The Texas Constitution § AG.58.053 cover?
Section AG.58.053 ("APPLICATION FOR LOAN GUARANTEE") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § AG.58.053?
A common citation format is "The Texas Constitution § AG.58.053" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § AG.58.053 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.